The game accelerator Game7 intends to provide $100 million in grants for Web3 startups that have already passed several stages of development of open source technology.
Game7, a decentralized autonomous organization (DAO) focused on supporting blockchain gaming startups, said the grants will support both individuals and businesses developing blockchain games, smart contracts, and community software and tools.
Developers will also be able to count on technical support and advice from Game7 specialists. The company emphasized that it is not tied to one blockchain and will be able to provide support to developers from any network. However, applicants should not perceive grants as a substitute for venture capital funding.
Game7 does not plan to pay grants in advance, and will only transfer funds upon certain results. Developers will have to pass KYC (Know Your Customer) verification, sign a contract and submit an application with a digital wallet address. At the same time, despite the contract, the developers will be able to apply for other grants and funding.
Earlier, analysts from DappRadar published a report according to which blockchain games are still the main driver of decentralized applications, and the number of new users is growing steadily.
Source: Bits
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